Reuters logo
Axel Springer gains regulatory nod for N-24 Media deal
February 7, 2014 / 10:42 AM / in 4 years

Axel Springer gains regulatory nod for N-24 Media deal

FRANKFURT, Feb 7 (Reuters) - The German cartel office has approved the acquisition of German news publisher N24 Media by Axel Springer, it said on Friday.

“N24 is a niche channel, which has only a small audience reach and a small market share in the TV advertising market,” Andreas Mundt, head of the competition watchdog, said in a statement about the deal announced in early December.

N24 Media owns German language news channel N24 and also produces news for free-to-air channels ProSieben, Sat.1 and Kabel Eins, all owned by ProSiebenSat.1. (Reporting by Harro ten Wolde; Editing by David Goodman)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below